Democrats’ main fundraising committee is losing big donors and so cash-strapped that its officials have discussed borrowing money just to keep the lights on, with one source spilling to The Post that if things don’t turn around before the 2026 midterms, the party is “f–ked.”  Only a fool will donate to the Dems - they are going nowhere.

     “We are six months in and we’re drowning,” a source close to the Democratic National Committee told The Post about the current rate of contributions. “The RNC was so cash-heavy and hitting us day after day after day when Biden was president.”  “We have no clear path or plan,” they added. “The midterms are going to come before we know it, and then we’re going to be really f–ked.”  The DNC’s struggle to message against the Trump administration and rather public leadership infighting — including the recent departure of former DNC vice chair David Hogg — has also led some of its largest donors to taper off their contributions, the New York Times first reported. 

     This has dovetailed with high-profile donor defections, such as Pershing Square Capital Management CEO Bill Ackman, Jacob Helberg, and prominent former Democrats backing President Trump in the 2024 cycle.  The DNC has previously taken out a line of credit before, including twice under Tom Perez, who led the party machine from 2017 to 2021.  In response to the reported cash-borrowing discussions, DNC Chair Ken Martin told the Times, “That’s certainly not our plan right now,” adding, “I don’t know if we’ll have to at this point.”

     A DNC spokesperson told The Post that the party apparatus doubled its fundraising for the first few months of 2025 relative to the first few months of 2017, during the wake of Democrats’ prior presidential loss.  The spox also claimed that the DNC raked in more grassroots cash in the first three months of Martin’s term than any other national Democratic Party chair in its history.  “It is incredible that [Martin] has not sought to bring all the factions of the party together. He assumed the chairmanship after being opposed by the Democratic leader of the House, the Democratic leader of the Senate, organized labor leaders and many of our country’s leading governors,” a DNC official told The Post.